Metro Atlanta, Gerogia Real Estate Market, North Georgia, REO Sales

Appreciation Went into Overdrive....

Homes historically have appreciated at a rate of about 5 percent per year. In the six years between 2000 and 2006, however; appreciation was 89 percent, or nearly 15 percent per year on average. What you are seeing is a correction to move back to stability.

Lots of homes= depressed prices. Many factors affect pricing in a down market, excessive inventory becomes a KEY factor.

There is Hope and with the market working its way back to hope...I see the market turning. People are out there buying again... The sellers maybe taking a Big Hit but if you are looking for a deal NOW is the time to start looking and make your offer.  I have put Under contract 5 homes in the last two weeks and I do see that the Buyer is smarter and wiser and is looking for the best deal. I have a community that the homes were selling in the Low $200,000 six months ago. the builder went broke and I now represent the Bank and they are REO properties that are selling now in the $140,000 's  ...These are Brand New homes with all the Trim and upgrades that you would see in the New home market.... Write me or call if I can help you in your next Selling or Buying of Real estate... take Care until next time.